Leonardo announces an offer to purchase certain USD notes due 2039 and 2040 and the redemption in full of the USD notes due 2019

Leonardo communicates that its subsidiary Leonardo US Holding, Inc. (the "Company") today announced offers to purchase

Rome 15 November 2017 15:15 - Inside Information

Leonardo communicates that its subsidiary Leonardo US Holding, Inc. (the “Company”) today announced offers to purchase (the “Offers”) up to $200 million combined aggregate principal amount (the “Maximum Tender Cap”) of its outstanding 7.375% Guaranteed Notes due 2039 (the “2039 Notes”) and its outstanding 6.250% Guaranteed Notes due 2040 (the “2040 Notes”) and together with the 2039 Notes, (the “Tender Offer Notes” and each a "Series") guaranteed by Leonardo S.p.a. (the “Guarantor”). In addition, the Company has announced the redemption in whole of its 6.25% Guaranteed Notes due 2019 (the “2019 Notes”) (the “Redemption”), of which a principal amount of $434,188,000 is outstanding. The terms and conditions of the Offers are described in an offer to purchase (the “Offer to Purchase”) dated today. Terms not defined in this announcement have the meanings given to them in the Offer to Purchase.

The Offers and the Redemption are aimed at reducing gross debt and interest expense through the reduction in principal amount outstanding of bonds issued by the Company.

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